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Biden administration adds 14 Chinese firms to red flag list

Published 03/23/2023, 09:41 AM
Updated 03/23/2023, 09:01 PM
© Reuters. FILE PHOTO: U.S. and Chinese flags are seen in this illustration taken, January 30, 2023. REUTERS/Dado Ruvic/Illustration

© Reuters. FILE PHOTO: U.S. and Chinese flags are seen in this illustration taken, January 30, 2023. REUTERS/Dado Ruvic/Illustration

WASHINGTON (Reuters) -The Biden administration on Thursday added 14 Chinese companies to a red flag list, forcing U.S. exporters to conduct greater due diligence before shipping goods to them because U.S. officials have been unable to inspect the listed entities.

Being added to the list can potentially start a 60-day clock that could trigger much tougher penalties.

"Enforcing our export controls is a crucial part of protecting American national security," U.S. Deputy Secretary of Commerce Don Graves said in a statement following the announcement. "We are committed to using all of the tools at our disposal to establish how advanced US technology is being used around the globe."

ECOM International and HK P&W Industry Co Ltd were among those added to the list and did not respond to requests for comment. A spokesperson for the Chinese Embassy in Washington said "China strongly deplores and firmly opposes" moves by the United States to "abuse export control measures" and use "state power to suppress and contain foreign companies."

"The U.S. side should immediately stop its wrong practices. China will take necessary measures to resolutely safeguard the legitimate rights and interests of Chinese companies," the spokesperson added.

© Reuters. Flags of U.S. and China are seen in this illustration picture taken August 2, 2022. REUTERS/Florence Lo/Illustration

The United States has used restrictions on exports of U.S. goods as a key tool to thwart Beijing's technological advances, ratcheting up tensions between the two countries.

The Commerce department, which oversees U.S. export controls, also added 18 other entities to the list from Turkey, the United Arab Emirates, Germany, Bulgaria, Canada, Indonesia, Israel, Malaysia, Saudi Arabia and Singapore.

Latest comments

It simply only means much more inflation.
why the f isn't Biden's son not on the list?
For one thing, Biden's son is not Chinese.
Wait a minute, I thought the whole Biden family was on the take from China. Sounds like they are not getting their money's worth with this America fist approach.
18 companies that refused the pay for play scheme
And all the others are. Of course! That must be it. Glad there are such sharp minds in this world.
yes Brian that was tump who played that game......
The whole world is watching what Great America is doing, and then, makes their own plan.
"In The Hundred-Year Marathon, Michael Pillsbury marshals a lot of evidence showing the Chinese government has a detailed strategy to overtake the US as the world’s dominant power. They want to do this by 2049, the centennial of China’s Communist revolution. The strategy has been well documented in Chinese literature, published and sanctioned by organizations of the People’s Liberation Army, for well over 50 years. ... Xi’s vision of the Chinese Communist Party controlling the state and eventually influencing and even controlling the rest of the world is clear. These are not merely words for the consumption of the masses. They are instructions to party members."  --  www.forbes.com/sites/johnmauldin/2019/11/12/chinas-grand-plan-to-take-over-the-world/
Chinese leadership is overrated and believe it's own propaganda... with authoritarian dictatorships their systems are brittle and unable to adapt to change when it disagrees with it's political ideology....with authoritarianism and it's inability to adapt, The Chinese state is doomed.....the only way they can complete is to steal and bully.....
Tennis, Tibet, Tiananmen square, Taiwan
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